
Perenco, is pleased to announce that an agreement has been reached between Perenco Belize Limited and the Government of Belize on the amendment to the Block-A Production Sharing Contract (PSC). Following the completion of the work programme relating to the first period commitment, Perenco had identified additional prospectivity to the west of Block-A. The amendment effectively extends Perenco?s exploration contract area by approximately 768km².
Perenco now holds two frontier exploration contracts covering two blocks in the north of Belize. Block-A is principally onshore and Block-B is mostly offshore. The licence areas are now 4,018km² and 1,170km² respectively, and were identified as areas of exploration potential near to Perenco's current producing assets in Guatemala.